Partnership Interests
Quick! Sell it before it allocates!
We have clients who purchase Canadian partnership interests that have significant potential income. A personal sale of your partnership interest – before ordinary income is allocated by the partnership – can provide funds to you subject only to capital gains tax. If you have not used your capital gains exemption, the sale of your partnership interest may provide tax free funds to the extent of your available capital gains exemption. Either way, it’s a great way of cutting your tax in half or eliminating it (if you have unused exemption) for your personal account.
Contact us at info@craftax.ca and we’ll provide you the details – and our client’s offer. You will benefit from our legal advice, and our client will even pay for your other professional advisors to ensure everything is tickety-boo!
